Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Up 82.9% in November

Ashtead Group plc (OTCMKTS:ASHTF) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 968,500 shares, an increase of 82.9% from the October 31st total of 529,500 shares. Based on an average daily trading volume, of 101,300 shares, the days-to-cover ratio is currently 9.6 days.

Ashtead Group Price Performance

Shares of OTCMKTS:ASHTF opened at $80.39 on Thursday. Ashtead Group has a fifty-two week low of $59.57 and a fifty-two week high of $83.00. The business has a 50-day simple moving average of $77.27 and a two-hundred day simple moving average of $72.30.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.